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EX 2: Prepare a statement showing the pricing of issues, on the basis of (a) Simple Average and (b) Weighted Average methods from the
EX 2: Prepare a statement showing the pricing of issues, on the basis of (a) Simple Average and (b) Weighted Average methods from the following information pertaining to Material-D 2018 March 1 Purchased 100 units @ 10 each 2 5 7 10 13 18 20 38 Purchased 200 units @ OMR 10.2 each. Issued 250 units to Job X vide M.R.No.12 Purchased 200 units @ OMR10.50 each Purchased 300 units @ OMR10.80 each Issued 200 units to Job Y vide M.R.No.15 Issued 200 units to Job Z vide M.R.No.17 Purchased 100 units @ OMR11 each 25 Issued 150 EXERCISE 8: The following are particulars of receipts and issues of materials of Al maya LLC for the month of August 2018: Aug. 1 Opening balance: OMR 4 Aug. 5 Received from vendor units @ OMR 4.25 Aug. 12 Received from vendor @ OMR 4.10 Aug. 20 Received from vendor units @ OMR 4.50 Aug. 25 Received from vendor @ OMR 4 Issues of material were as follows: 500 units @ 200 150 units 300 400 units Aug. 4 200 units; Aug. 10 400 units; - Aug. 15-100 units; Aug. 19-100 units; Aug. 30-250 units You are required to prepare the stores ledger account using the following methods 1. FIFO 2. LIFO Weighted Average 3. Simple Average and 4.
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